Government Funding of University-Industry Collaboration: Exploring the Impact of Targeted Funding on University Patent Activity

42 Pages Posted: 23 Jan 2020

See all articles by Annita Nugent

Annita Nugent

Queensland University of Technology

Ho Fai Chan

Queensland University of Technology

Uwe Dulleck

Queensland University of Technology - School of Economics and Finance

Date Written: 2019

Abstract

Government investment in university research results in greater output and impact. To better capture economic benefits stemming from university research, governments have developed funding programs specifically targeting university-industry collaboration. However, little is known about the success of university-industry targeted (U-I targeted) grants. In this study we evaluate the effect of one such scheme, the Australian Research Council (ARC) Linkage Project scheme, by comparing it to its non-targeted sister scheme, the ARC Discovery Project scheme. Having in common selection criteria, grant assessors, awardees, magnitude of funding and duration, the schemes differ in the requirement for an industry partner. We measure capture of economic benefit by patent applications filed and granted. Interrogating the effect of targeted funding at a university level we find award of U-I targeted grants coincides with increased patent activity compared to non-targeted grants. Exploring the dynamics of the relationship, we observe the effect of U-I targeted grants on patent activity is short lived at an inventor level. Further, the propensity for patent activity is influenced by the ratio of U-I targeted to non-targeted grants held at a university level, but not at an inventor level.

Keywords: research funding, patent, university-industry collaboration, grants

JEL Classification: O340, O380

Suggested Citation

Nugent, Annita and Chan, Ho Fai and Dulleck, Uwe, Government Funding of University-Industry Collaboration: Exploring the Impact of Targeted Funding on University Patent Activity (2019). Available at SSRN: https://ssrn.com/abstract=3523536 or http://dx.doi.org/10.2139/ssrn.3523536

Annita Nugent (Contact Author)

Queensland University of Technology ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Ho Fai Chan

Queensland University of Technology ( email )

2 George Street
Brisbane, Queensland 4000
Australia

Uwe Dulleck

Queensland University of Technology - School of Economics and Finance ( email )

GPO Box 2434
2 George Street
Brisbane, Queensland 4001
Australia

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